SOURCE: BoeFly, LLC

BoeFly, LLC

August 31, 2011 07:00 ET

BoeFly Responds to Hurricane Irene Crisis With a Special Program to Accelerate Small Business Access to Capital

Discounts and Rapid Response Offered for Borrowers Seeking to Rebuild or Expand in Affected States From Maine to Florida

NEW YORK, NY--(Marketwire - Aug 31, 2011) - BoeFly, the online marketplace connecting small businesses seeking financing with more than 1,000 lenders from around the country, has established a rapid response discount program to support those small business affected by Hurricane Irene.

Natural disasters like Hurricane Irene can have enormous impact on small businesses, both in a negative and positive way. Countless businesses damaged by the hurricane now face unavoidable and costly repairs. Other businesses instead face a far different challenge -- demand spiked by the hurricane for their products or services -- require rapid expansion capital. BoeFly helps solve both challenges by enabling business owners to complete one simple form which is used to efficiently match them with multiple compatible lenders in BoeFly's 1,000+ strong lender network that are ready to meet the needs of small businesses in the affected areas.

"Small businesses are naturally resilient in the face of serious challenges like the one presented by Hurricane Irene," said Mike Rozman, Co-President of BoeFly. "Business owners must however be able to quickly and efficiently access the capital they need to properly get back on their feet or meet unprecedented demand. The efficiency that BoeFly brings to the commercial lending process is particularly important during crisis periods, when speed is essential. Providing electronic access to over a thousand banks through a single loan request is a capability that provides businesses with their best chance of connecting with the capital they so urgently need."

"At this critical time in our economy Hurricane Irene can have a devastating effect on small business," said Bob Coleman, publisher of the Coleman Report and small business lending expert. "I applaud BoeFly for taking the lead to support those small businesses during this challenging time."

"SunTrust recognizes the serious impact that Hurricane Irene had on small business owners throughout the East Coast and remains committed to providing lending support in our communities," said Jeff Nager SBA Division Executive. "We support BoeFly in all of their efforts to assist businesses in the wake of this disaster."

Business owners from the affected states can access BoeFly services at a discounted price. Visit www.BoeFly.com/Irene for more details.

Banks seeking information on how they can help reach more small businesses challenged by the hurricane should contact support@BoeFly.com.

About BoeFly

BoeFly is the only online marketplace harnessing technology to dramatically simplify the execution of commercial transactions, including all loan origination and sales. BoeFly revolutionizes how deals get done by seamlessly connecting all parties, including lenders, borrowers, investors, buyers and sellers to a potential transaction and facilitating the efficient completion of these transactions. For lenders, BoeFly also provides the ability to sell loans to investors freeing up liquidity for even more business lending. BoeFly is a subscription service and does not charge any transaction fees.

Key to the success of BoeFly is the site's dynamic compatibility technology which matches parties based on a specific set of criteria. Also, to help BoeFly subscribers complete transactions, BoeFly offers access to service providers in a wide variety of professions from appraisers, to closing attorneys, to environmental consultants.

BoeFly was founded by small business owners and small business lending experts with extensive banking and secondary market experience. The company is privately-held and is based in New York City. www.boefly.com

Contact Information

  • Media inquiries:
    Bill Fallon
    Keating Co.
    212.925.6900
    Email Contact